Wood Markets News

State-Level Analysis of Construction Employment for December

A closer look at the Bureau of Labor Statistics December nationwide total nonfarm payroll report, with a focus on state-by-state construction jobs, reveals that across the 48 states which reported construction job data, 28 states reported a month-over-month increase in December.

Mortgage Applications Increase for Third Consecutive Week

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending January 20, 2023, the Market Composite Index (a measure of mortgage loan application volume) increased 7.0% on a seasonally adjusted basis from one week earlier.

US LBM Announces Sale of Three Divisions to L&W Supply

US LBM announced on Monday that it had reached a definitive agreement to sell three of the company’s operating divisions to L&W Supply, an operating unit of ABC Supply. US LBM is a leading distributor of specialty building materials with over 400 locations throughout the US.